Statistics in Theory and Practice, with Special Reference to Published Statistics

1966 ◽  
Vol 34 (2) ◽  
pp. 271
Author(s):  
M. D. McCarthy ◽  
L. R. Connor ◽  
A. J. H. Morrell
Keyword(s):  
Special Reference ◽  
Theory And Practice

Widows' Funds: Some Notes on Theory and Practice

1951 ◽  
Vol 20 ◽  
pp. 145-191
Author(s):  
D. A. B. Scrimgeour
Keyword(s):  
Special Reference ◽  
Theory And Practice ◽  
Mortality Experience ◽  
Collective Method

SynopsisThe Paper deals with some of the problems which arise in the valuation of Widows' Funds with special reference to the Widows' Funds of certain professional bodies in Scotland.An analysis is made of data derived from the Scottish Bankers' Marriage and Mortality Experience 1923–1943 (T.F.A., 19, p. 149) with a view to determining the applicability of the Collective Method to a valuation of the “existing” at the close of that Experience.The various factors entering into a Widows' Fund valuation are examined in relation to a particular Fund and the importance of the valuation rate of interest illustrated.The Paper concludes with a discussion of the “reserve for loss on future entrants” often met with in the valuations of such Funds, and of the arguments for and against proposals which have been made for its elimination.

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